If the inspection does reveal some unknown problem with the home, it’s probably as big a surprise to the buyer who is not as emotionally or financially invested as the seller. It is human nature to fear what you don’t understand and when a report identifies defects, they may simply opt-out of the home.
The solution to the situation may be for the seller to have the home inspected prior to putting it on the market. There is still a risk of becoming surprised by an unknown defect which at that point, would have to be disclosed to potential buyers or repaired by the seller. The advantage is that it creates a baseline to compare discrepancies that may arise when a future buyer has the home inspected.
If the seller’s inspection report is made available during the marketing process, it could give buyers a sense of confidence about the home even though they may still choose to have the home checked by their own inspector.
The cost of the inspection, possibly $500, keeps some sellers from taking this initiative when selling their home. In an effort to minimize their expenses, they forego getting valuable, disinterested 3rd party advice that could help sell their home. On a $175,000 home, the fee for the inspection will probably be less than 3/10 of one percent of the sales price.
Another option to the seller to increase marketability of the property and bolster buyer confidence in the home would be to offer a home protection plan. Generally, the seller doesn’t incur cost for this coverage until the home is sold and there may even be some coverage for the seller during the listing period. The benefit to the buyer is avoiding unanticipated expenses for specific items that are covered during their first year of ownership.
Contact me for recommendations of home inspectors or home protection plans.
If
you are planning to SELL your home, give me a call at
(404) 857-2508!
In Georgia, I service Monroe, Loganville, Grayson, Snellville, Lilburn, Lithonia, Lawrenceville, Duluth, Dacula, and Stone Mountain.
Outside of these areas? No problem! I can still help!
Outside of these areas? No problem! I can still help!
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Natasha
Liburd Bazile is
a Realtor with Coldwell Banker Atlanta
and the Lead Home Stager with Heart
of Decor in Georgia (virtual services available). She prides
herself in being a guide to her clients and finds fulfillment in helping
them achieve their goals.
Direct Phone: (404) 857-2508
www.NatashaKnowsATLHomes.com - Email - Facebook - Twitter - YouTube
Direct Phone: (404) 857-2508
www.NatashaKnowsATLHomes.com - Email - Facebook - Twitter - YouTube
Thank you! Glad you like it!
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